Nursing Home Redevelopment
For Sale
$2,700,000
2229 N Carroll Boulevard, Denton, TX 76201
SINGLE_FAMILY - Denton, TX
Property Size53,000 SF
Lot Size4.99 Acres
Price / SF$50.94
Days on Market10
Property Features for 2229 N Carroll Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning description
Currently Elderly Housing
Accessibility
Accessible Approach with Ramp
Subdivision
Denton Nursing Center Add
Lot features
Interior Lot, Irregular Lot
Directions
From I-35 and University, go east on University to North Carroll Blvd, Turn Left and go north to 2229 N Carroll Blvd. Property on the left.
Standard status
Active
APN
R131291
Lot size
4.99 Acres
Taxes and HOA fees
Tax Description
DENTON NURSING CENTER ADDN BLK 1 LOT 1
Tax Annual Amount
58952
Legal Description
DENTON NURSING CENTER ADDN BLK 1 LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Number of units
101
Flooring type
Carpet, Vinyl, Tile
Building materials
Brick
Roof type
Flat, Composition
Listing Agency:
CUDD REALTY
(940) 484-0036
Listed By:
MARIELLA CUDD · License #0370753
(940) 484-0036
Added: Jul 21
Changed: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# 20909488
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
2229 N Carroll Boulevard is a former nursing home redevelopment asset featuring a 53,000 SF building on approximately 5 acres. The facility is laid out with 101 private bedrooms, multiple large dining areas, and more than 20 administrative or flex-use offices, providing an interior foundation that can support remodeling and reconfiguration to match a new plan.
The property is offered for sale in Denton, Texas. With its scale and acreage, it may support redevelopment scenarios that require both enclosed space and outdoor area for parking and site improvements.
The existing structure and room configuration offer practical flexibility for adaptive reuse, including reconfiguration of dining and office areas alongside the bedroom layout.
The property is offered for sale in Denton, Texas. With its scale and acreage, it may support redevelopment scenarios that require both enclosed space and outdoor area for parking and site improvements.
The existing structure and room configuration offer practical flexibility for adaptive reuse, including reconfiguration of dining and office areas alongside the bedroom layout.
Key Highlights
- 53,000 SF facility on approximately 5 acres at 2229 N Carroll Blvd in Denton
- Former nursing home with 101 private bedrooms and multiple large dining areas
- Includes 20+ administrative or flex‑use offices, supporting flexible interior reconfiguration
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $795.0k | $15.00 |
| − Vacancy | −$357.8k | −$6.75 |
| EGI | $437.3k | $8.25 |
| − OpEx | −$229.6k | −$4.33 |
| NOI | $207.7k | $3.92 |
53,000 SF · lease $15.00/SF/yr · vacancy 45.00% · expense 52.50%
Alternative Uses
Best Use
Healthcare Medical
$11.04M
$9.66M – $12.88M
NOI $772,740 @ 7.0% cap · market cap 28.62%
Second Best
Hotel Hospitality
$2.97M
$2.60M – $3.46M
NOI $207,694 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$16.56M
$14.49M – $19.32M
NOI $1,159,123 @ 7.0% cap · market cap 42.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,244
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Denton Rehabilitation — 2229 N Carroll Blvd, Denton, TX 76201
- Cottonwood Nursing & Rehabilitation — 2224 N Carroll Blvd, Denton, TX 76201
- Enhabit Hospice — 108 Hinkle Dr Suite 150A, Denton, TX 76201
- Good Samaritan Society - Denton Village — 2500 Hinkle Dr, Denton, TX 76201
Frequently Asked Questions
What type of property is this?
Nursing home - Former nursing home on about 5 acres with a 53,000 SF building, 101 private bedrooms, and multiple dining and office spaces.
Where is this nursing home located?
The property is located at 2229 N Carroll Boulevard Denton, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 53,000 SF facility on approximately 5 acres at 2229 N Carroll Blvd in Denton; Former nursing home with 101 private bedrooms and multiple large dining areas; Includes 20+ administrative or flex‑use offices, supporting flexible interior reconfiguration
